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Ratings Assigned In Finibanco S.A.'s First RMBS Transaction Dec 08

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AbstractMADRID (Standard & Poor's) Dec. 12, 2008-Standard & Poor's Ratings Services has assigned its credit rating to the class A mortgage-backed floating-rate notes issued by TAGUS Sociedade de Titulariza--o de Cr-ditos, S.A. ("Tagus"). At the same time, Tagus issued two classes of unrated notes (see list below). This transaction is the first residential mortgage-backed securities (RMBS) transaction originated by Finibanco S.A. It has already securitized small to midsize enterprise (SME) and auto loan transactions. At closing, Tagus purchased a portfolio of -233 million mortgages from Finibanco. To finance the acquisition of the assets, the issuer issued the notes. The notes issued by the issuer are divided into three classes: A, B, and C. We have only rated the class A...

Companies mentioned in this report are: TAGUS - Sociedade de Titularizacao de Creditos, S.A.Action: New Rating

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